Section 388 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Indexation of certain entitlements payable under former Acts
Text of the provision Official document
388 Indexation of certain entitlements payable under former Acts (2) Sections 115 and 116 apply (for indexation required after 1 April 2002) to anything in any of the former Acts to which an equivalent is listed in either of those sections. (2) If an amount has been adjusted under any of sections 115 and 116 , the Corporation must use the adjusted amount in any calculation in which it is relevant. (3) However, the Corporation must adjust the amounts payable under sections 377 and 378 in the manner specified in subsection (4) . (4) An adjustment required by subsection (3) — (a) must be in accordance with a prescribed formula or prescribed formulas relating to movements in the Consumer Price Index; and (b) has effect on and from the prescribed date or dates. Compare: 1998 No 114 s 460
Official source: legislation.govt.nz
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